Fitch: Kennametal outlook up to stable

Fitch Ratings said it affirmed the long-term issuer default rating for Kennametal Inc. at BBB-, senior unsecured bank facilities at BBB- and senior unsecured debt at BBB-.

The outlook was revised to stable from negative.

The revision of Kennametal's outlook reflects improved leverage metrics as the company's end-markets recover, Fitch said.

The agency said it expects that sales will continue to improve as demand grows in line with the global economy.

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